Aviation Industry Corporation of China (AVIC) is a state owned mega corporation, administrated by the Government of China. The corporation has business units covering Defence, Transport Aircraft, Avionics, General Aviation, Research, Testing, Asset Management and Engineering, to name a few. The corporation boasts of almost 200 member companies, 26 listed companies and approximately 400,000 employe
es. Since its establishment in 1982, the corporation has built on its expertise in the aviation industry to develop into a multi-element corporation with hi-tech production, real estate development, property management, hotel operations, retail and trade as enhancements to its core business. From the year 2009 onwards, the corporation has continued to be ranked among the Fortune Top 500 Enterprises with enormous potential. A major subsidiary of AVIC, AVIC INTERNATIONAL has set up wholly-owned or holding subsidiaries in major cities across China, has established over 110 branches in more than 50 countries, and owns eight listed companies. The company has over 70,000 employees serving customers in more than 180 countries. It has a total asset of more than RMB 220 billion. Depending on the three major platforms of information technology, finance and financial investment and overseas financing and services, the company, as an important member of China’s aviation industry, specializes in six major business sectors, including international aviation, trade & logistics, retail & high-end consumer goods, real estate & hotel management, electronic high technology and development of resources. As to real estate business of AVIC, it has already tapped the market of a good sum of countries over the world, including Kenya, Tanzania, Algeria, UAE, Sri Lanka, Malaysia, Laos and Mongolia, China, etc, having started over 100 projects all over the world.
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